May 26, 2022

The SEC’s (Possible) New Commissioners: Nomination Hearing

Last week, the Senate Banking Committee held a hearing to consider the nomination as SEC Commissioners of:

– Jaime Lizarraga – whose testimony included comments on facilitating capital formation for small businesses and keeping pace with rapid technological change, and

– Mark Uyeda – whose testimony emphasized his state-level securities regulation experience (in California) and the need for start-up financing and capital formation.

This Thomson Reuters article says that Jaime and Mark cruised through the hearing and skillfully dodged controversial Q&A – there are “no obvious roadblocks to confirmation in sight.”

Liz Dunshee